Average Pricing Actuary salary in the UK

Primary Details Time Type: Full time Worker Type: Employee Pricing Actuary - Casualty London/Hybrid The Opportunity: We have an opportunity for a Pricing Actuary to join our Data Science Pricing team in London. The role will include creating future focussed processes and tools that will help both UK and International Casualty and the wider pricing transformation. It will give you exposure to the London Market, the world’s largest and most complex insurance risks, gaining exposure to the UK and European insurance. With hybrid office working and excellent benefits including 30 days holiday, you will be working in a supportive and inclusive environment. We’re the down-to-earth, international insurer that is neither too big nor small, so you can make a real impact! Your New Role: Work with the Casualty Pricing Data Science lead and build strong relationships with Casualty underwriters working in the UK, European and Lloyd’s markets.Be responsible for the on-going development of Casualty models used by the various Casualty underwriting teams.Work on the case pricing of larger risks and bindersFuse new data science techniques with traditional pricing methods to help form a market leading team of pricing data science professionals.Provide support and guidance to junior members of the Casualty Pricing Data Science team About You: Knowledge and experience of working in General Insurance and experience within London Markets is preferredPricing experience, particularly within Casualty, is desirableStrong analytical and problem-solving skillsExcellent communication skills and collaborative mindsetWillingness and desire to learn new skillsAbility to manage multiple priorities and projectsExperience in using Excel, Python, R, SQL or other programming languages Why QBE? At My Best    At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”. It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA.    We’re an international insurer that’s building momentum towards realising our vision of becoming the most consistent and innovative risk partner. We can never really predict what’s around the corner, but at QBE we’re asking the right questions to enable a more resilient future – helping those around us build strength and embrace change to their advantage.    QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation (https://careers/flex-qbe/).   With more than more than 13,000 people working across 27 countries, we’re big enough to make a real impact, but small enough to provide a friendly workplace, where people are down-to-earth, passionate, and kind.    To find out more about why you should work for QBE, visit our careers website.   At My Best - QBE Benefits    You are more than your work – and QBE is more than a workplace, which is why we provide you with the benefits, support and flexibility to help you concentrate on living your best life personally and professionally.  As well as the benefits below we also offer an extensive choice of other options to suit you!    30 days holiday a year with the option to buy up to 2 additional days.  Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.  Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.  Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.   Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.  Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad.  Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes. Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet's future, as well as your own.  Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.   To find out more visit our  Reward Page   QBE Awards    Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include;    AXCO Global Insurance Awards 2024 Winner: Network Management of the Year   Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer   UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year   Working Dads Employer Awards 2023 Winner: Parental Policies Award   Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee  You can view all our awards here   Inclusion of Diversity   We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce that is reflective of the communities we operate in.  We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women’s Empowerment Principles and Race at Work c

Due to growth my client, a leading financial services company, are currently seeking a nearly or newly qualified actuary to join their pricing team The role involves checking the preparation and analysis of Defined Benefit (DB) pension scheme data for pricing, including methods and assumptions for addressing data gaps - duties will include: Checking the modelling of DB pension scheme cashflows using valuation systems.Supporting and mentoring junior members of the team.Investigating factors affecting pricing assumptions.Carrying out BPA pricing, including Solvency II, UK GAAP and IFRS17 reporting.Provide appropriate support to managers and colleagues to implement recommendations/facilitate change in the pricing models.Ad hoc tasks as required.Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards as expected. Applicants are likely to be nearly or newly qualified Actuaries with knowledge of defined benefit pension schemes, annuity pricing, and bulk purchase annuities. Experience of pension / cashflow modelling would be advantageous. This is a great opportunity to join an award winning company offering a great working environment and excellent prospects for career development.

We have partnered with a leading Lloyd's market insurer to find them a Pricing Actuary to join a dynamic actuarial team supporting Marine and Energy portfolios - with a focus on account pricing, portfolio analysis, and innovation in pricing tools. The role is not limited to but includes: Deliver account-level pricing analysis to support underwriters during broker negotiations and client discussionsMonitor portfolio performance and provide insights to shape underwriting strategy and identify trendsParticipate in model development and recalibration to ensure pricing tools remain accurate and effectiveCollaborate across teams to develop new MI dashboards and pricing capabilities, using modern analytical tools This is a fantastic opportunity to join a high-performing actuarial team while developing both technical and commercial pricing experience.